Portuguese interest rates on their bonds have reached breaking point, and I'm talking 15 to 20 % on instruments - as bad, if not worse than was the case for Greece before its first bailout. Of course, with the events in Greece and Iran this week, it has attracted little coverage. If they pop, Spain - who have recently released atrocious employment figures - will take another hit, and thus the circus continues...
Author of: For Pip's Sake! (Available at Amazon... :-) )